Hii Uppi ji

R u setteled in kochi ?

the biggest misfortune of indians was to have `karl marx` trained parrots who have kept up with the same irrelevant argument that western countries only wanted india as their markets. how do you invest in companies mr ravi? do you look for companies that tell you we will put all your money into helping our nation? lol! the job of a company is to make money, western, eastern, india or for that matter even martian.

anyway instead of arguing with a feeble minded communist let me give quote kuwati sheikh who when was told the same trash that multinationals will take away all the oil if we let them in, said let them take away all the oil for half the market price and he allowed them in. today they have the highest per capatia income in the world.

Ravi: what has happened was sad waste of an otherwise resurgent nation, wasn`t it? Good intentions, wrong decisions, pressed by exigencies of the moment, till the earlier decisions became albatrosses on the country`s neck. It is said that the fall to evil and rise to greatness starts with incremental decisions and actions. Perhaps Nehru`s visit to soviet union before independence might have created suspicion in the minds of Westerners and hope and friendship in the minds of the soviets. From that point, it may have been possible for the relationship with Soviets marginally easier and those with the West marginally difficult. . . and slowly these rifts acquired momentum due to other external factors.

India lost.

Yes, sad but bullish. That is the true contrarian thinking. One must get into the market slowly and stay invested for three to five years for multibagger returns.

One can always make hypothetical cases about what could have happened if so and so had happened.

Had India became West`s vast market, they would have also found it sensible to put up some manufacturing centres here. Our policy of shutting them out caused us more hardship than it did to them. It was our ego which prevented them from doing business with us. In addition, we could not afford to anger USSR which had become our arms supplier. Where would we run for spare parts?

True, China and Soviet Union were like India and Pakistan in those days. As you rightly pointed out, China was also reaching out to the West just as the West was trying to neuralize the Indo-Soviet axis by empowering China.

My point is that India got it wrong every single time, albeit with good intentions. our misfortune.

Basically the western countries wanted India as a vast market for their products, and did not want it to develop the heavy industry and become self-reliant. And I am not arguing here that the collaboration with the Soviet bloc did not have it`s disadvantages.

That is again too simplistic an assessment. Wiki: By the late 1950s, relations between China and the Soviet Union had become so divisive that in 1960, the Soviets unilaterally withdrew their advisers from China.....By 1969, relations with Moscow were so tense that fighting erupted along their common border. Following the 1968 Soviet invasion of Czechoslovakia and clashes in 1969 on the Sino-Soviet border, Chinese competition with the Soviet Union increasingly reflected concern over China`s own strategic position. China then lessened its anti-Western rhetoric and began developing formal diplomatic relations with West European nations."

CX: I got the 1947 valuation of the rupee as equivalent to the dollar from Wikipedia. Here is the data from there:

Valuation history
INR Value against USD
Year Exchange rate (rupees per US$)
1947 1.000
1952 5.000
1970 7.576
1975 8.409
1980 7.887
1985 12.369
1990 17.504
1995 32.427
2000 45.000
2006 48.336
2007 (Oct) 38.48

I didn`t know that Western countries had refused to help India and so we had to turn to USSR for assistance. But could it also be that westerners had understood that Nehru preferred USSR maybe due to proximity, and was interested in taking help from both sides.

Must really read up more before speculating! Thanks for all these excerpts, by the way!

It is a vast subject, to understand the pressures on India in the first years of independence. Will study more deeply and get back to you.

Anyway my bomb is still not ready.

For a farmer barely able to earn 10k a year if one member of his family gets 15000 a year from MNREGA (considering wage of Rs 150) he/she will see it as a huge gift and feel forever indebted to the person who brought this. Illusion created is Congress gives them this. WRONG. You and I give them this by paying our share of taxes. But Congress will forever earn votes of that family. MNREGA is a long term scheme aimed at buying votes over a long term. Assured power.

The educated, the working class is hated in India. A person working 12 hours a day in the market to feed his family in a city is considered a criminal as he works hard and earns.

They(GOVT) wants Indian public to confuse and wants to sell farmers land to corporate world and in between they can make money also.They are working on their plan.
After 10 years Indian labour class will sleep whole day and they will still make guaranteed 500 per day,where as educated people who know whom to Vote will be jobless.

So confusion is in Indians not in those politicians.


Sanjay